WEB 3 PLATFROM OF NIKE
Since Ethereum has become deflationary, more coins are currently being destroyed than being created. Although we have previously experienced days and even weeks of deflation, the annual supply of Ethereum is currently negative. Over two million ETH have been burned on the Ethereum blockchain since the fee-burning mechanism went into action. The current macroeconomic situation is optimistic for Ethereum, but it is unclear where things will go from here.
To become the second-largest exchange trading Ethereum, Uniswap surpasses Coinbase. According to reports, Uniswap processed 1.8 billion dollars during a 24-hour trading session, which is comparable to a week. As a result, Uniswap nearly doubled its lead over Coinbase and trailed Binance, which saw 1.9 billion dollars, in market capitalization. Although the numbers have fallen, the pattern has not changed. The volume of trade on decentralized exchanges has increased across the board, not only in Ethereum. The volume of trading on numerous decentralized exchanges is also increasing. The trading volume for Curve Financial has increased from $700 million to $1.3 billion.
Decentralized exchanges may be beginning to displace centralized exchanges because more investors are flocking to decentralized exchanges as a result of realizing the risks associated with centralized exchanges. Swoosh, a new version of the web3 platform introduced by Nike, is an improvement. They added that they intended to introduce Polygon NTFs on the platforms the following year. In reality, this is not Nike's first endeavor; in the fashion industry, they were the greatest users of web3 technology. They bought a digital start-up last year, and this year they introduced crypto NFT collections. Prior to switching to the Polygon blockchain because of its quicker and less expensive transactions, their NFT was first on the Ethereum blockchain.
We can already see that Polygon wants to lead the web3 adoption because they have made it apparent. Cristiano Ronaldo's NFT collections were launched by Binance and include seven animated statuses of Ronaldo from some of his most memorable experiences. With some unique words from Cr7 and a virtual meet, the NTF uncommon level will be reached. Deal aimed to entice Cr7 supporters to sign up for web3. This has a significant chance of introducing many individuals to the web3 world and demonstrating to them just how influential he is.
Over 220,000 Bitcoin have been taken out of the cryptocurrency exchange in the last two weeks. Due to the current spread of contagion, now is the ideal time to remove your cryptocurrency from exchanges. St. Kitty, a Caribbean island, is thinking about accepting bitcoin as legal cash.